STATE-OF-THE-ART NEXT GENERATION FIRST METRO RAIL IN CITY OF MUMBAI TO OPEN FOR PUBLIC ON SUNDAY, 8TH JUNE, 2014

STATE-OF-THE-ART NEXT GENERATION FIRST METRO RAIL IN CITY OF MUMBAI TO OPEN FOR PUBLIC ON SUNDAY, 8TH JUNE, 2014

MUMBAI METRO ANNOUNCES PROMOTIONAL FARE OF RS 10 FOR A SINGLE ONE WAY TRIP BETWEEN ANY STATIONS OF THE VERSOVA – ANDHERI – GHATKOPAR METRO CORRIDOR FOR A MONTH

INITIAL FARE FIXED AS PER THE CENTRAL METRO ACT BY THE METRO RAILWAY ADMINISTRATION (MMOPL), NOTIFIED SEPARATELY

Mumbai, 7th June, 2014: The Mumbai Metro One Private Limited (MMOPL) – the Metro Railways Administration (MRA) for the Mumbai Metro Line – 1 project – today announced that the commercial operation of the metro service will start on June 8 at 12 noon. The company has now received all requisite government approvals for commercial operations.

To provide the benefits of a new and world class experience to lakhs of valued citizens of Mumbai, a concessional and promotional fare of Rs. 10 only will be charged for the first 30 days, irrespective of the distance travelled on the Versova – Andheri -Ghatkopar (VAG) corridor for a single one way trip between any stations. This promotional fare is notwithstanding theinitial fare fixed and notified separately on initial opening of the metro railway under Central Metro Act.

Commenting on the development, Mr. Abhay Mishra, CEO, MMOPL, said, “The beginning of commercial operation of Mumbai Metro is a historical moment for the city of Mumbai. With this first rail connectivity betweenEast and West, Mumbaikars can avoid as many as 45 traffic signals and reduce travelling time from 90 – 120 minutes to 21 minutes. These air-conditioned services are safe, convenient and cost effective. This service will change the life of the Mumbaikars and the way they commute every day.”

Keeping in view the convenience of the commuters on the busy 12 km long domestic-cum-commercial hub of Mumbai, the MMOPL would run the service between 5.30 am and 12 midnight on every working day at a frequency of just below four minutes during the morning and evening peak hours and eight minutes during lean hours.

Reliance Infrastructure Limited

Reliance Infrastructure Ltd (RInfra) is the largest infrastructure company developing projects, through various Special Purpose Vehicles (SPVs), in several high growth areas in the Infrastructure sector i.e.

Roads, Metro Rail and Cement.

The Company is also the leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution and Trading of power.

The SPVs are inter alia developing a metro rail project in Mumbai; eleven road projects with total length of 1,000 kms; operating and developing two cement plants of capacity of five million tonnes each per year in Maharashtra and Madhya Pradesh.

RInfra along with its wholly owned subsidiary generates over 940 MW of power through its five power stations; distributes power to 62.0 lakh consumers in Mumbai and Delhi and is developing five transmission projects including the first Independent Private Transmission projects.

RInfra also provides Engineering, Procurement & Construction (EPC) services for developing power and road projects.

MMOPL

Mumbai Metro One Private Limited (MMOPL), is a Special Purpose Vehicle (SPV) created to develop, implement and operate Mumbai’s first Metro Line, on a public-private partnership (PPP) model. It is a consortium formed by Reliance Infrastructure Limited, MMRDA and Veolia Transport SA of France with 69%, 26% and 5% stakes respectively.

The 11.40 km long Versova- Andheri – Ghatkopar corridor that will provide connectivity between Western and Eastern Mumbai was awarded to MMOPL for the Concession period of 35 years. The corridor has 12 stations and will reduce the travelling time of Mumbaikars from 90 minutes to 21 minutes.

For further queries please contact:

Mr. Yuvraj Mehta: +91 9350188469yuvraj.mehta@relianceada.com

Mr. Amit Biswas : +91 9322305391amit.biswas@relianceada.com

Rajendra Ganotra is the Editor of Spicy Stars Mumbai

You must be logged in to post a comment Login